Since 2005, Taiwanese REITs (T-REITs) have been a popular property investment instrument in Taiwan. Over the period 2005-2011, this research examines the importance, risk-adjusted performance, and portfolio diversification advantages of T-REITs in a mixed-asset portfolio in Taiwan. While T-REITs in Taiwan underperformed the construction shares sector, they provided portfolio diversification advantages in the post-GFC era, with improved risk-adjusted returns, increased diversity, and a key role in the mixed-asset portfolio. The important strategic concerns for the T-REIT market’s continuous strategic development are outlined, with a focus on the size and growth potential for T-REITs.
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